How to name beneficiaries and fund a trust at Community Bank
Covers 10 deposit, and 2 retirement accounts — beneficiaries must be updated in-branch
Customer Care Center
Preparing your Community Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
With 12 product types, Community Bank offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- For deposit accounts (checking, savings, money market, CDs): add a Payable on Death (POD) beneficiary
- For IRAs: complete the IRA beneficiary designation form
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD and beneficiary designations are completed at a branch; call the Customer Care Center at 1-866-764-8638 to confirm the required forms
- Named beneficiaries pass outside of probate and override instructions in a will
Sources
Data sourced from Community Bank primary sources (13 pages reviewed). How we research.
Download these Community Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Community Bank primary sources. Bring it to the branch or keep it beside the phone.
Customer Care Center
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